Alvotech Reports Financial Results for First Quarter of 2024 and Provides a Business Update
Alvotech(ALVO) globenewswire.com·2024-05-22 05:15
Total revenues in Q1 2024 increased to 16 million in the same period last year. Gross margin in Q1 2024 increased to 40 million compared to the same period last year. Alvotech signed new commercialization agreements for its high concentration interchangeable biosimilar to Humira® in the U.S. and for its proposed biosimilar to Prolia® and Xgeva® in the U.S. and Europe. Alvotech raises topline revenue guidance to 500 million and tightens guidance for bottom line ...